what is the taxable gain on the sale of the 440 shares of first mutual growth fund (12/1/16) and how will it be classified for income tax purposes? assume that the tax basis in the shares sold is determined by using the first in, first out (fifo) method

JUODA First Mutual Growth Fund no sirbim ODA Account Name: Archie Peyton Account Number: AB100357 Price/ Share Total Sharese Total Value Transaction Date Amount Shares V Buy 100 300 br 340 540 $ 2,500 $ 6,000 $ 4,250 $ 8,100 1 Buy 04/01/15 $ 2,500 08/01/15 $ 4,000 Reinvest dividend 12/01/15 $ 500 Buy 02/01/16 $ 3,000 Buy 04/01/16 $2,000 Buy 06/01/16 $1,500 Sell 12/01/16 $11,880 Reinvest dividend 12/01/16 1,080 BALANCE 12/31/16 - Note: All distributions from this fund are reinvested. $25.00 $20.00 200 $12.50 40 $15.00 OS 200 $20.00 100 $25.00 60 $27.00 (440) $27.00 40 $26.50 - sont 640 700 $12,800 $17,500 260 300 300 $ 7,02050 $ 8,100 $ 7,950 Franger